SOUTHROCK Asset Management

At the Tourism Conference hosted by the University of Piraeus' Department of Tourism Studies, Founding Partner Yannis Delikanakis delivered a compelling call for urgent reforms in spatial planning to promote quality over quantity tourism. Mr. Delikanakis pinpointed three significant directions to promote sustainable projects targeting quality tourism with minimal environmental impact: 🔹Prioritize and expedite low density, environmentally sustainable, high-quality projects. 🔹Apply regulatory transitional provisions to implement projects that include the necessary infrastructure (i.e. desalinization plant, wastewater treatment plant, employee’s accommodation). 🔹Utilize the “strategic investments” framework to implement the above. "A small-scale project cannot help the touristic infrastructure because simply it cannot afford to do so. High-quality and large-scale, in terms of investment and not in terms of buildable M², projects can include all the necessary infrastructure. This not only results in zero environmental impact, but it may even assist the local infrastructure with spare capacity”. It's time for decisive action to create a transparent, predictable investment framework that fosters quality and sustainability within Greece's tourism sector. #SouthrockAssetManagement #StrategicInvestments #GreeceTourism #TourismDevelopment

Mr. Yannis Delikanakis, Founding Partner of Southrock Asset Management, recently joined the Empowering Investments: Future Prospects & Challenges panel, moderated by journalist Maria Akrivou. The panel explored the key factors shaping foreign investment in Greece today. In his remarks, Mr. Delikanakis highlighted the main reasons why foreign investments are declining today in Greece: Despite the political stability the country lacks regulatory stability with respect to investments. An investor is constantly facing “gray regulatory areas” and a continuously changing regulatory framework. When regulating, the Greek state disregards how important time is for investors, moving very slowly and without efficiency. Favoritism of non-institutional and sometimes even illegal past investment actions, by state authorities and regulators, to avoid dealing with strong local interests, discourages institutional investors. Regarding the New Building Code’s emphasis on eco-friendly architecture and sustainable standards, and the relevant bonuses, Mr. Delikanakis underlined that those measures are essential to transform the local construction industry into an environmental-friendly one. He wrapped up by acknowledging Greece’s economy’s progress over the last decade while cautioning that “environmental populism” could hold back much-needed investments—even as Greece moves toward a more business-friendly landscape. #SouthrockAssetManagement #CEOInitiative #EmpoweringInvestments #NewBuildingCode

In a recent interview with Imerisia, Yannis Delikanakis, CEO and Founding Partner of Southrock Asset Management, provided valuable insights at the 25th Prodexpo, emphasizing the importance of proactive strategies in maintaining the positive momentum in Greece's tourism investment landscape. He highlighted the necessity of designating specific projects as "strategic investments" to facilitate the inflow of Foreign Direct Investments in touristic projects that do not request subsidies or tax incentives. By taking this decisive step, we can drive progress forward in parallel with the new Special Spatial Framework for Tourism, effectively sidestepping years of potential setbacks which may cause the loss of valuable investments.   Yannis Delikanakis highlighted the importance of capturing and facilitating investments that bring the much-needed capital to Greece instead of those dependent on subsidies or tax incentives. He noted that projects—environmentally conscious, ESG-aligned, and backed by institutional investors—are positioned to set a new standard for sustainable development.   Southrock’s commitment to creating dignified worker housing in Mykonos exemplifies this approach, with building coefficients allocated specifically for staff accommodation. Yannis Delikanakis highlighted this as a critical priority for Southrock, ensuring quality living conditions for employees, which is essential for sustainable investment. "We are starting from Mykonos with plans to expand to other islands," he stated, emphasizing that Southrock’s projects have been designed to benefit the entire community, promoting a positive and lasting impact.  

During the Prodexpo panel titled "From Risk to Reward: How Investors Propelled Greece’s Real Estate to Top Tier" on October 21, the first day of the conference, Mr. Yannis Delikanakis, Founding Partner and CEO of Southrock Asset Management, highlighted how the economic crisis laid the groundwork for Greece’s real estate transformation. He noted that foreign investments in real estate surged from an annual volume of €100-200 million during the first decade of the 2000s to €2 billion annually today, driven by crisis-prompted low property prices and recent economic recovery. However, the retention of these foreign investors depends on resolving key regulatory challenges, such as zoning laws and delayed reforms. Mr. Delikanakis firmly believes that establishing top-quality regulatory institutions and clear rules is the cornerstone for sustainable economic growth, referencing the recent Nobel-winning work in the field of economics that directly links the high-quality regulatory institutions with the economic success of a country. In a highly competitive global investment market where investors have a wealth of options, Greece must prioritize the improvement of these regulatory institutions and set clear and stable rules for investors. By taking these essential steps, Greece may retain and increase these high investment volumes – especially in the tourist sector - and solidify its position as a top choice for global investors.

Southrock: The First in Greece to Achieve EDGE Certification   We are excited to announce that Southrock Asset Management is the first in Greece to receive the prestigious EDGE certification from Green Business Certification Inc. (GBCI) for our luxury residential projects in Agios Ioannis and Fokos, Mykonos.   Our projects are designed to: ·        Save 24%–27% in energy ·        Reduce water usage by 26%–27% ·        Lower embodied carbon in materials by 75%–76% This certification underscores our commitment to sustainable development and innovation, shaping the future of residential construction in Greece. #Sustainability #EDGEcertified #GreenBuilding #LuxuryLiving #Mykonos #Southrock #EnergyEfficiency #RealEstate

At the Greek Real Estate Investment Forum 2024, Yannis Delikanakis, Founding Partner of Southrock Asset Management, discussed the key characteristics of institutional investors: significant capital, recurring investments, and a professional management. These investors target markets where they can continuously reinvest and drive innovations, such as sustainable buildings and ESG. He emphasized that Greece’s strategic geopolitical position makes it an ideal location for logistics, shipping, and transportation investments, positioning the country as a key global trade hub. Additionally, Greece’s strong appeal as a world-renowned tourist destination continues to draw significant investments in the tourism sector. Mr. Delikanakis also described how the economic crisis attracted world-renowned foreign institutional investors to Greece. The challenge today is retaining these investors, which bring liquidity, professionalism, and further institutionalization of the local market. #Southrock #RealEstate #Investment #Greece #InstitutionalInvestors #Logistics #Tourism #EconomicGrowth”

Do you want to be part of our team?   Southrock Asset Management seeks an ambitious Financial Analyst to join our growing team and contribute to high-impact real estate investments and private equity projects. If you have a passion for finance and want to work in a dynamic, entrepreneurial environment with international exposure, this could be the perfect opportunity for you! https://lnkd.in/dG6B42WV

Creating a Stable Investment Future for Greece   At the 2nd Real Estate Conference hosted by Capital.gr and Forbes Greece, Yannis Delikanakis, shed light on what it takes for institutional investors to remain committed to Greece:   •Stable Rules of the Game: Institutional investors require a stable, long-term environment without measures that increase Greece's risk profile. Non-targeted horizontal actions instead of punishing the illegals, punish the legal ones and increase the country’s risk profile for institutional investors.   •All investments cannot be treated the same way: Treating a €1 million investment and a €250 million one as equivalent is counterproductive. Also, investments that require no subsidy, no tax incentives, or no zoning exceptions should be prioritized and expedited.   •Prioritization of Sustainable Projects: High-value sustainable projects should be prioritized and expedited to make Greece a more appealing touristic and investment destination. 👉You can find the flash interview here: https://lnkd.in/dJZDNCbe #EconomicGrowth #SouthrockAssetManagement

Emphasizing a Targeted Approach for Sustainable Tourism Development. At the recent 2nd Real Estate Conference organized by Capital.gr and Forbes Greece, Yannis Delikanakis highlighted a crucial perspective on fostering sustainable growth in the tourism sector. He stressed that targeted actions are much more needed than umbrella measures. Yannis Delikanakis highlighted the importance of cultivating high-value tourism supported by green and sustainable infrastructure to fight over-tourism. Enhancing and developing product offerings to attract high-income tourists, coupled with sustainable specifications can be attained through unwavering adherence to existing institutional frameworks rather than introducing more stringent measures. Moreover, he emphasized the importance of tailored institutional interventions that address the unique needs of each region, than designing a uniform approach, which cannot be implemented. Key infrastructure gaps, such as staff accommodations and water treatment facilities, remain critical issues that must be addressed to support sustainable tourism investments. Let's adopt a nuanced strategy to achieve high value sustainable tourism growth, ensuring that our actions are precisely tailored to fight over-tourism in a sustainable way but at the same time preserve tourism revenues. 🌍💼 #SustainableTourism #TargetedApproach #GreenInfrastructure #TourismDevelopment #SouthrockAssetManagement

At the Athens Riviera Summit, Yannis Delikanakis, CEO of Southrock, highlighted the transformative power of real estate investment. Mr. Delikanakis emphasized, "Investments in real estate have a multiplying positive influence on growth and local economies. They are productive investments with a positive impact to most sectors of the economy." At Southrock, we are committed to unlocking the potential of the Greek economy through strategic investments. We firmly believe in real estate investment's profound and positive impact in fostering economic growth and prosperity. #RealEstate #Investment #Greece #AthensRivieraSummit #Southrock